The demand function for a good is given as q 10 ndash 2p


The demand function for a good is given as Q = 10 – 2P, where Q = quantity demanded and P = the market price per unit of the good. The cost function is given as C = 8 + 0.5Q where C = total cost. If P = $3, how much profit is earned?

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Business Economics: The demand function for a good is given as q 10 ndash 2p
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